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Multiple tokens adorned with the label ‘X’ emerged on various decentralized exchanges as Twitter, under the leadership of Elon Musk, initiated a transition from its recognizable blue bird emblem to an ‘X’ insignia. The first indication of this imminent shift was given by Musk in a tweet during the weekend. This was later substantiated on Sunday, July 23, by Twitter’s CEO, Linda Yaccarino. “X represents the boundless potential of a new era of engagement encompassing audio, video, messaging, and even banking transactions, shaping a worldwide forum for the exchange of thoughts, merchandise, services, and opportunities,” stated Yaccarino. “AI will be the driving force behind X, linking us in manners we are just beginning to comprehend.” The transition to X Corp began in April 2023 when Musk integrated Twitter into the newly formed corporation. Around the same period, he registered X.AI Corp., an artificial intelligence startup. Twitt...

South Korea n banks have been exploring alter native s for Stablecoins and CBDC s. Certificate of Deposits or CDs have managed to garner the interest of top banks of the region. Citing unnamed “industry sources,” Maeli Business News Korea pointed out, “ Hana Bank plans to conduct research on CD tokens as part of its internal decision to engage in the proof of concept (PoC) process for the CBDC project by the Bank of Korea. “ Recently, the nation’s central bank tied up with Samsung to research CBDC for offline payments. The two sides signed a Memorandum of Understanding in Q2 2023. In fact, Samsung also participated in the two-part mock testing of CBDC conducted by the Bank of Korea last year. Also Read: Bank of Korea Partners with Samsung to Research CBDC for Offline Payments Are CDs more reliable than stablecoins? The local media report underlined that Hana Bank is likely interested in exploring the central bank’s blockchain moneta...

BTC price should see a serious shake-up in the coming days, but Bitcoin market participants are increasingly worried it will be to the downside. Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close. BTC/USD 1-hour chart. Source: TradingView $19,000-$23,000 "still on the cards" for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed acting below $30,000, now set as intraday resistance. July 22 saw a brief dip to $29,640 before a recovery in time for the daily close, but trader s remained worried that worse was to come. https://t.co/GY0AgGbAnn — Crypto Chase (@Crypto_Chase) July 22, 2023 “So we have a double top rejection currently on BTC, so we need to really make a note of levels incase we drop,” popular trader Crypto Tony warned Twitter followers in fresh analysis of the 3-day chart. “Those two levels are $25,000 & $20,000, and these are both key psychological levels. Make a note.” BTC/USD annotated ...

Also Read: Crypto Exchange Gemini Teases Hint Of XRP Relisting Soon advertisement Earlier, CoinGape reported that the SEC should be acting fast if it were to go for an appeal of the Summary Judgment. It remains to be seen how long the court takes to decide whether or not to accept the agency’s appeal. US SEC Seeking To Review XRP Ruling In the context of Terraform Labs cofounder Do Kwon trying to use the XRP ruling as a precedent in his ongoing lawsuit that involved fraud allegations. Kwon cited Judge Torres’ ruling that the sale of XRP is not a security to prevent the agency from charging him. In response, the US SEC had on Friday filed a pleading in the Terraform Labs case saying the court should not consider the Ripple judgment as the SEC is seeking to review it. “Respectfully, those portions of Ripple were wrongfully decided, and this court should not follow them. SEC staff is considering the various available avenues for furthe...

Professional Dota 2 player Erik “Tofu” Engel believes that Web3 has very beneficial features for gamers. While game developers seem to hate the idea of Web3 coming into games, players who compete in gaming tournaments for a living are more open to trying out blockchain gaming . Professional Dota 2 player Erik Engel for Gaimin Gladiators, more commonly known by his gamer tag “Tofu,” expressed his thoughts on Web3 and how it can help gamers in a statement sent to Cointelegraph. Engel, who has won over $400,000from various major tournaments in the Dota 2 competitive gaming scene, said it’s refreshing to see companies make “more out of games than just games.” He explained: “The idea of blockchain gaming is still a new and expanding topic for most of us, and it’s something I want to explore more in the future. If it’ll improve gaming and make it even more rewarding, then that’s definitely something to look out for in times ahead.” In addition, Engel believes that Web3 has Features that...

Shiba Inu (SHIB) announced the launch of their Cold wallet , which is now available for pre-order starting May 29. Shiba Inu is developing the wallet in collaboration with Tangem, a Swiss company, a recent tweet says. Even though the initial release of the Cold wallet didn’t have an official date, the latest details reveal that the wallets will hit the streets soon. According to the latest tweet from Tangem, the Shiba Inu Cold wallet is set to make its debut next week. Also read: Ripple XRP Claims Top Spot, Outshines Bitcoin in Trading Activity Well, well, well… see who is coming next week 🐕 Get yours right now: https://t.co/lHeFnFTVcC WOOOF! pic.twitter.com/ZdzOk8bnVL — Tangem (@Tangem) July 19, 2023 The demand has seen a notable surge as a considerable number of users have already pre-ordered the Cold wallet . Shiba Inu burn rate spikes as Cold Wallet Nears The latest data from Shibburn reveals that the burn rate of Shiba I...

Read XRP Lawsuit News: SEC Chair Says He’s ‘Disappointed’ at Non-Security Tag advertisement Will SEC Engage With Congress Over Crypto Rule Making? U.S. Congressman French Hill along with Rep. Dusty Johnson sent a letter to the US SEC Chair, Gary Gensler stressing the cruciality of being productive in rules formation for digital assets. It is important to establish clear rules of the road for all market participants, it added. The letter mentioned that it is a priority for the House Committee on Financial Services and House Committee on Agriculture to make comprehensive rules. It is important for the country to push innovation and growth in markets. It highlighted that the committees did more than 15 hearings around digital asset policy over the past four years. This included a joint hearing of both committees where it discussed existing regulatory gaps. However, where Congress is working to fix the regulatory gaps steadily, the SEC is ...

The Russian Federation moves forward with its plans to introduce the digital ruble. The Federation Council would bring the legislation to approve the creation of the digital ruble on Wednesday. If approved and signed by President Vladimir Putin, the Bank of Russia would start the pilot program by the next month. Russia is successfully moving forward with its plans to introduce its central bank digital currency (CBDC), the digital ruble, amid the dreadful Russian-Ukrainian war. As per a recent report, the Federation Council, Russia’s upper house of Parliament, would bring the legislation to approve the creation of the digital ruble, on Wednesday. In February 2022, Russia officially launched the digital ruble trial, transferring the country’s first CBDC among citizens, as per the announcement of the Bank of Russia. The initial procedure of the trial enabled the users to open wallets on the digital ruble platform through a mobile application and make transaction...

Shinhan Bank, SCB TechX, and a financial institution in Taiwan, have completed a successful pilot for stablecoin remittance. The pilot project aimed to tackle issues with cross-border payments. Byunghee Kim, head of Blockchain at Shinhan Bank, highlighted the advantages of stablecoins in increasing financial inclusion. Shinhan Bank, SCB TechX (Siam Commercial Bank’s technology innovation business unit), and a prominent financial institution in Taiwan have jointly announced the successful completion of a proof-of-concept (PoC) pilot for stablecoin remittance. The PoC was developed using the open-source public network Hedera. The objective of the project was to address common issues associated with cross-border payments, such as high fees, lengthy settlement times, and a lack of tracking Features . SCB TechX, along with other financial institutions, participated in this pilot initiative. Byunghee Kim, the head of blockchain at Shinhan Bank, highlighted...

The Ripple Vs SEC lawsuit came to a partial end last when the judge declared that XRP is not a security. The move was a win for the cryptocurrency industry and it kept the SEC’s intrusive nature in check. XRP jumped nearly 75% after the judgment going from a low of $0.46 to a high of $0.81. Also Read: Ripple XRP Claims Top Spot, Outshines Bitcoin in Trading Activity XRP/USD Chart by TradingView All eyes are on XRP as investors believe it could spike further as it no longer remains under the purview of the SEC. XRP broke away from the shackles of the lawsuit and it is now free to move up in the charts. Ripple: XRP Could Climb Above $6 This Year, Predicts Analyst Source – CryptoSlate Leading cryptocurrency analyst and YouTuber CoinsKid predicted that XRP could reach $6 by the end of 2023. The YouTuber explained the technical Analysis behind his prediction comparing the current situation to that in 2020. CoinsKid noted that XRP is making an ascending triang...

National Australia Bank joins other major banks in restricting transactions to “high-risk” crypto exchanges. Almost half of the funds related to scams reported to the Australian Financial Crimes Exchange were linked to cryptocurrency. Binance was included in NAB’s measures to block payments, amid allegations of improper practices. Bloomberg reported this morning that National Australia Bank Ltd. (NAB) has implemented restrictions on certain transactions to crypto exchanges classified as “high-risk.” The report suggested that this move aligns with other major banks in Australia that are also limiting customers’ access to digital-asset platforms due to concerns surrounding potential scams and associated risks. According to an article published by NAB News, in a recent 30-day period, nearly half of the funds reported as part of scams to the Australian Financial Crimes Exchange were found to be associated with cryptocurrency. Cryptocurrency...

Andre Conje says the recent Multichain exploit is a big blow to the blockchain space. According to Conje, users trusted the Multichain team’s assurances in error. Conje is working in collaboration with relevant organizations to recover assets. Andre Conje, a renowned blockchain developer popularly known for creating Yearn Finance and Keep3rV1, considers the recent Multichain exploit a big blow to the blockchain space. Conje explained during an AMA session that there were a lot of assurances from the team behind the project. He insinuated that users trusted the team’s assurances around the server decentralization, access, and geolocation distribution. Andre Cronje: Multichain was a big blow, we had a lot of assurances from the team around the server decentralization, access. We are exploring all options at this point, working with relevant organizations to try and recover assets, even using foundation treasury. The foundation… — Wu Blockchain (@WuBlockch...

The overall Twitter community rejoiced after Alex Mashinsky’s arrest. YouTuber Coffeezilla says Celsius was a fraud long before Alex Mashinsky’s arrest. Citizen Journalist Tiffany Fong reminds followers of how Celsius tried to sue her for leaking information. Several crypto influencers took to Twitter today to voice their opinions about the arrest of Alex Mashinsky, former CEO of bankrupt crypto lender Celsius. Stephen Findeisen, known to the crypto community as Coffeezilla, spoke about the latest Alex Mashinsky arrest news. FINALLY: Alex Mashinsky has been arrested for the Celsius multi-billion dollar fraud, and faces charges that could lead to a maximum of 115 years in jail. pic.twitter.com/cSLwVP5Fay — Coffeezilla (@coffeebreak_YT) July 13, 2023 Findeisen, an American YouTuber and crypto journalist who uncovers scams and fraud, has been a vocal critic of Celsius. Three months before the news of arresting Mashinsky, on March 6, 2023,  Coffe...

Australia’s First Spot Bitcoin ETF Under New Regulations In an official announcement on July 14, Monochrome Asset Management said its partner, Vasco Trustees filed an updated application for the Monochrome Bitcoin ETF (IBTC) with the Australia n Securities Exchange (ASX). advertisement Monochrome’s partner Vasco has an Australian Financial Services Licence to offer retain investors direct and regulated exposure to crypto-assets Bitcoin (BTC) and Ethereum (ETH). The Monochrome Bitcoin ETF and the Monochrome Ethereum ETF are the two managed ETF investment products. “In an Australian first, IBTC is a way for retail investors to own bitcoin in a single regulated structure that gives them an absolute entitlement to their underlying bitcoin.” Monochrome CEO Jeff Yew took to Twitter to reveal that Australia has joined the spot Bitcoin ETF race. He added, “Through a Bitcoin ETF, it makes it possible for them to buy and use the asset class ...

It is 2023 and somehow Shiba Inu is still relevant. Without throwing any shade, the previous statement is justified because SHIB is one of those bull market ‘darlings’. In 2017, Verge or XVG token cherished a similar rise in popularity after its 1581942% surge. At the moment, it is ranked 244th, and peripheral from the industry. To Shiba Inu’s credit, its ecosystem did not shy away from innovation. They had plans for a DEX, metaverse, gaming, burning protocols, and whatnot. While some of these sectors are still in progress, its decentralized exchange launched in 2021. And it did not disappoint. ShibaSwap , a native DeFi platform for Shiba users went live in July 2021, in order to boost Shiba Inu’s utility tokens. Within 24-hours, the platform surpassed over $1 billion in total value locked or TVL. It is actually an incredible statistic and it falls as a testament to the initial interest from SHIB users. Now, in this article, we are analyzing the same DEX and i...

Unlike most of the top ten assets like Bitcoin and Ethereum, which are down 1.1% and 0.9%, respectively, to $30,385 and $1,872, Litecoin price shows vivid signs of a breakout taking shape. advertisement Is Litecoin Price Ready for a Pre-Halving Rally Litecoin, like Bitcoin, goes through four-year cycles marked by an event referred to as Halving or halvening, which slashes the reward for mining a block of LTC by 50%. Halving is designed to control the supply and inflation of the coin, which has a maximum limit of 84 million. In 20 days, investors are expecting the next LTC halving on August 2, at block 2,520,000, when the miner reward will drop from 12.5 LTC to 6.25 LTC per block. While the impact of the halving event on Litecoin price is uncertain, the crypto has already seen its market value grow by 28% in one month. Meanwhile, investors have, in the last few weeks, been filling their bags ahead of the August 2 event, which changes supply and demand dynamics...